PracticePeople In PracticeDouble resignation blow for Freecom

Double resignation blow for Freecom

Freecom.net chief executive Michael Williams has today resigned from the group - just six days before it is due to change its name to Systems Union.

A veil of secrecy surrounds Williams’ decision, but the group said his departure ‘reflected the continuing realignment of the group and marked the transition from its founder phase through a period of corporate activity to an established group focused on enhancing shareholder value’.

In a double blow for the group, Bodo Heiss, a member of the freecom.net board of directors has also resigned from the e-commerce group to pursue ‘new business opportunities’ with Williams.

Group finance director, Paul Coleman has been appointed to replace Williams from immediate effect.

Williams and Heiss were key players on the Board that created freecom.net, overseeing its admission to the Alternative Investment Market of the London Stock Exchange in 1999.

Bob Morton, freecom.net chairman, said: ‘We wish them both every success in the future’.

Links

Freecom.net takes Systems Union name

Jobs to go at Systems Union

Freecom.Net acquires Systems Union

Freecom.netSystems Union

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